Taking Payments Online

In order to take payments online you need an E-Commerce enabled website and the services of a payment provider that is compatible with your website.

Payment Providers come in two different types either standalone or requiring a Merchant Bank Account.

Standalone Payment Providers

These type of payment providers, such as PayPal, for example, offer a complete stand-alone payment processing service with no Merchant account required. These providers will usually take a percentage of the order value and/or a payment processing fee. There may also be additional fees for paying funds into your bank account.

Payment Provider & Merchant Account

If you have an existing Merchant account or expect to experience a large volume of transactions or high-value orders, then you may find this type of payment provider more suitable. In this instance, you will need a Merchant account with Online Payment enabled. The Payment Provider will then provide the online payment processing service and the funds will be deposited into your merchant account. These providers will usually charge a monthly fee for a fixed number of transactions and then a per-transaction fixed fee for any other transactions. You will also be charged for each transaction at its processing rate.

Whichever payment provider you choose to use it must also be compatible with your e-commerce website.

Prices are for customers in the UK, Channel Islands and the Isle of Man. All prices exclude VAT